TCP Asset Management LLC Has $8.38 Million Stake in First Trust Low Duration Opportunities ETF $LMBS

TCP Asset Management LLC boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,591 shares of the company’s stock after purchasing an additional 14,214 shares during the period. First Trust Low Duration Opportunities ETF comprises about 1.4% of TCP Asset Management LLC’s portfolio, making the stock its 22nd largest holding. TCP Asset Management LLC owned 0.15% of First Trust Low Duration Opportunities ETF worth $8,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMBS. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $26,000. CX Institutional acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $28,000. Financial Network Wealth Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth about $29,000. Hollencrest Capital Management bought a new stake in First Trust Low Duration Opportunities ETF during the second quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.88 on Friday. The stock has a 50 day moving average price of $50.21 and a 200 day moving average price of $50.04. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, February 20th.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.